Minnesota Legislature
Office of the Revisor of Statutes
2013 Minnesota Statutes
This is an historical version of this statute chapter. Also view the most recent published version.
501B.20 HOLDER OF A GENERAL POWER.
For purposes of giving notice, waiving notice, initiating a proceeding, granting consent or approval, or objecting with regard to any proceedings under this chapter, the sole holder or all coholders of a presently exercisable or testamentary general power of appointment, power of revocation, or unlimited power of withdrawal are deemed to represent and act for beneficiaries to the extent that their interests as objects, takers in default, or otherwise are subject to the power.
History:
Official Publication of the State of Minnesota
Revisor of Statutes